Price analysis 11/29: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, AVAX
Summary
Bitcoin (BTC) is trying to maintain above the resistance of $38,000 for the second consecutive day. The US Securities and Exchange Commission (SEC) delayed decisions on exchange-traded funds applications, sparking speculation of potential approvals by January 2024. Bitcoin, Ethereum, Cardano, Solana, and other coins are experiencing strong support and resistance levels as investors react to market changes. The state of traditional finance investors ahead of the ETF announcement could potentially limit Bitcoin's downside. Other influencers include predictions of the US Federal Reserve cutting rates sooner than expected.
